FL ARCHIVED March 2018 | Page 126

Market Action Report March 2018
Community Information | School District
Market Action Report March 2018

Zip Code : 34242 - Sarasota Price Range : All | Properties : SFH - Con

Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 872,400
-0%
-3%
Average List Price of all Current Listings
$ 1,578,613
-1%
-1%
March Median Sales Price
$ 730,000
11 %
11 %
36 %
23 %
$ 667,500
21 %
12 %
March Average Sales Price
$ 856,275
-9%
1 %
42 %
8 %
$ 851,973
25 %
8 %
Total Properties Currently for Sale ( Inventory )
348
-3%
-11%
March Number of Properties Sold
53
71 %
10 %
130
11 %
March Average Days on Market ( Solds )
118
51 %
-4%
9 %
-9%
105
-3%
-19%
Asking Price per Square Foot ( based on New Listings )
$ 552
-10%
1 %
17 %
8 %
$ 553
6 %
8 %
March Sold Price per Square Foot
$ 461
-0%
-8%
10 %
2 %
$ 464
11 %
2 %
March Month ' s Supply of Inventory
6.6 -43% -22% -19% -27%
8.4
-19%
-6%
March Sale Price vs List Price Ratio
90.7 % -3.2% -. 6 % -. 8 %
-. 6 %
92.3 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales March Property sales were 53 , up 10.4 % from 48 in March of
2017 and 71.0 % higher than the 31 sales last month . March Property 2018 sales Sales were at their highest level compared to March of 70
March 2017 and Property 2016 sales . March were YTD 53 , up sales 10.4 of % 130 from are 48 running March 11.1 of % 2017 ahead and of 71.0 last % year higher ' s year-to-date than the 31 sales last of 117 month . . March 60 2018 sales were at their highest level compared to March of 2017 and 2016 . March YTD sales of 130 are running 11.1 % 50 ahead of last year ' s year-to-date sales of 117 .
40

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Community Information | School District

30 20
70 60 50 40 30 20 10
Number of Properties Sold
10
0
A
M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M
0
15
16
17
18
A
M J
Prices
15
The Median Sales Price in March was $ 730,000 , up 36.4 % from
1,200
Prices
$ 535,000 in March of 2017 and up 11.5 % from $ 655,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 730,000 was , up $ 856,275 36.4 % from , up
1,100
1,200
$
42.3 535,000 % from in March $ 601,548 of 2017 in March and up of 11.5 2017 % from and $ down 655,000 9.4 % last from
1,000 month
$ 945,050 . The last Average month Sales . March Price in 2018 March ASP was was $ 856,275 at a mid , range up
1,100
42.3 compared % from $ to 601,548 March in of March 2017 and of 2017 2016 and . down 9.4 % from
900
1,000
J
A S O N D
JMedian
F M A MSales J
J APrice S O Nand D
J Average
F M A M Sales J
J
A Price S O N D
J
F M
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ 945,050 last month . March 2018 ASP was at a mid range compared to March of 2017 and 2016 .
900
800
800
700
700
600
600
500
44 63 57 48 43 38 30 27 41 37 27 32 50 57 57 36 47 33 25 21 34 33 36 48 48 55 37 40 38 26 39 29 35 46 31 53
500
400
400
A
M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M
A
M
15 J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F M
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of March
The was Total 348 , Inventory down 2.5 of % Properties from 357 last available month for and sale down as of 10.8 March % from was 390348 in , March down 2.5 of % last from year 357 . March last month 2018 and Inventory down 10.8 was % at from its
450
390 lowest in March level compared of last year . with March March 2018 of Inventory 2017 and was 2016 at . its
400
450
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
18.0
16.0
lowest level compared with March of 2017 and 2016 .
350
300
14.0
300
250
12.0
250
200
10.0
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The March 2018 MSI of 6.6 higher MSI is better for buyers . The March 2018 MSI of 6.6
100 months was at its lowest level compared with March of 2017 and months was at its lowest level compared with March of 2017 and
50
2016 .
2016 .
0
150
8.0
100
6.0
50
4.0
2.0
0
0.0
A
M J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M
A
M J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M
15
16
17
18
15
16
17
18
377 337
44 377 326
63 337
288 57 48 43 38 30 27 41
273 326
269 288
275 273
296 269
282 275 323
296 353
282
37
366 323 371 27 32
Number of Properties Sold
50 57 57 36 47 33 25 21 34
3 Mo Avg
353 357
366 350
371 323
357
315 313
350
346 323
356 315
313 379
346 394
356 404
390 379
369 394
360 404
342 390
326 369 294 360
272 342
279 326
304 294 315 272 331 279 357 304 348 315
33 36 48 48 55 37 40 38 26 39 29
331 35
357
3 Mo Avg
46
348 31 53
18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
64 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .